Kenya welcomes US proposal to extend AGOA deal

Kenya not too long ago welcomed a proposal by the US administration to extend the African Growth Opportunity Act (AGOA) in full for an extra yr, a call at the moment earlier than the US Congress.

While visiting Washington, DC, the nation’s prime cupboard secretary Musalia W Mudavadi, who can also be chargeable for overseas and diaspora affairs, joined President William Ruto for a high-level assembly with US Trade Representative Jamieson Greer.

Kenya has welcomed a US proposal to extend AGOA in full for an extra yr, a call at the moment earlier than the US Congress.
A president-led visiting Kenyan staff’s discussions with US officers went past the fast extension of AGOA.
Both sides are actually laying the groundwork for a brand new, forward-looking bilateral commerce association that may elevate financial cooperation to new heights.

Greer famous that the extension would permit the US Government ample time to design a extra strong, future-ready programme that higher advances the shared pursuits of each nations, the workplace of the prime cupboard secretary stated in a Facebook submit.

Mudavadi emphasised that discussions went past the fast extension of AGOA. Kenya and the United States are actually laying the groundwork for a brand new, forward-looking bilateral commerce association that may elevate financial cooperation to new heights.

The envisioned framework seeks to improve predictability for buyers, unlock expanded market entry, and anchor a contemporary, mutually-beneficial partnership reflective of the ambitions of each international locations.

Both sides recognized a number of high-potential sectors poised for accelerated progress. These embody attire and textiles, agriculture, leather-based and footwear, chemical substances and prescribed drugs, and data and communication expertise and digital providers.

These sectors promise to generate high quality jobs, enhance export earnings, entice new investments, and strengthen worth chains throughout Kenya’s economic system, the Facebook submit added.

Fibre2Fashion News Desk (DS)